German competition authority opens second phase investigation into the planned divestment of Ahlstrom's glassfiber business

German competition authority opens second phase investigation into the planned divestment of Ahlstrom's glassfiber business

Ahlstrom Corporation STOCK EXCHANGE RELEASE April 8, 2016 at 16.55

German competition authority opens second phase investigation into the planned divestment of Ahlstrom's glassfiber business

The German competition authority has opened a second-phase investigation into the planned divestment of Ahlstrom's Building & Wind business to Owens Corning. The authority has extended the investigation to allow enough time to complete an appropriate review of the transaction.

Ahlstrom and Owens Corning will continue to work closely with the German authority in order to allow it to complete its review as quickly as possible, aiming at a completion of the divestment during the first half of 2016. However, it is possible that the completion of the planned transaction will not take place until the second half of 2016.

The planned divestment of the glassfiber business was announced on January 21, 2016.

Ahlstrom in brief Ahlstrom provides innovative fiber-based materials with a function in everyday life. We are committed to growing and creating stakeholder value by proving the best performing sustainable fiber-based materials. Our products are used in everyday applications such as filters, medical fabrics, life science and diagnostics, wallcoverings, tapes, and food and beverage packaging. In 2015, Ahlstrom's net sales amounted to EUR 1.1 billion. Our 3,300 employees serve customers in 22 countries. Ahlstrom's share is quoted on the Nasdaq Helsinki. More information is available at www.ahlstrom.com.